This site helps families understand how much they can save with a Dependent Care FSA and whether it's better than the Child and Dependent Care Tax Credit. The calculator models your income tax bracket, FICA savings, and state taxes so you can see the real dollar impact before open enrollment.
It was built by Drew Chambers, Co-founder of SitterSync. Drew has a background in private equity and energy transactions, and holds an MBA from Darden.
When Drew moved to Lincoln, Nebraska, he had a list of local babysitters from a community organization but no way to manage bookings, payments, or track expenses. He also discovered that most families around him overlooked babysitting as a primary care option, and nearly all of them didn't realize they could use their Dependent Care FSA or the Child and Dependent Care Tax Credit to make those sitters tax-free.
SitterSync was built to solve both problems: make it easy to manage and pay babysitters, and make those payments tax-advantaged through DCFSA and the care credit.
This calculator exists because the first step is knowing what you'd save. Most families have never seen their DCFSA savings broken out by tax type, and many don't realize the DCFSA often beats the tax credit for households earning $50K or more.